Monday, December 25, 2017

Monday Night Futures

by Bill McBride on 12/25/2017 09:27:00 PM

Weekend:
Schedule for Week of Dec 24, 2017

Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for October (note: Some sites show this released on Wednesday during the Holidays) The consensus is for a 6.2% year-over-year increase in the Comp 20 index for October.

• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for December.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for December. This is the last of the regional surveys for December.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 1, and DOW futures are down 34 (fair value).

Oil prices were up over the last week with WTI futures at $58.52 per barrel and Brent at $65.31 per barrel.  A year ago, WTI was at $52, and Brent was at $54 - so oil prices are up solidly year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.44 per gallon. A year ago prices were at $2.28 per gallon - so gasoline prices are up 16 cents per gallon year-over-year.